Associate Analyst, Alternative Investments

About the Role

The Analyst position within 50 South Capital, the private equity investment group at Northern Trust, will participate in all group activities, including investments, fundraising, and portfolio management.

Key Responsibilities

• Prepare financial analysis to support due diligence on private equity fund, secondary, and direct investment opportunities.
• Evaluate firm strategy and historical track record versus industry benchmarks.
• Track industry-wide and fund-specific investment and liquidity data.
• Model fund cash flows and transaction structures.
• Work with valuation models and projection models.
• Conduct reference calls.
• Compile information for investment committee presentations.
• Support general duties within primary, secondary, and direct investment functions, including monitoring buyout and venture capital fund managers.
• Meet with fund managers as part of the diligence process.
• Assist with business development and investor relations projects.
• Maintain marketing and quarterly performance presentations.
• Create industry white papers.
• Work with the back-office team.
• Position may require some travel.

Requirements & Tech Stack

• Microsoft Word, Excel, and PowerPoint (highly proficient).

Qualifications

• Pursuing a bachelor’s degree with a major in business, finance, accounting, economics, or engineering preferred at an accredited college/university.
• Expected graduation date of December 2027 through Summer 2028.
• Preferably seeking a summer 2027 start date.
• 0-1 years of experience with leveraged finance, consulting, public accounting, corporate finance, or private equity.
• High attention to detail.
• Strong work ethic.
• Excellent interpersonal skills; ability to work within a collegial, team environment.
• Strong communication skills, both written and oral.
• Highly-developed analytical ability and curiosity.
• Ability to prioritize workload and work on multiple projects concurrently.
• Strong business and interpersonal judgment skills with the ability to assess both qualitative and quantitative aspects of an investment.
• Understanding of how financial markets work, particularly private equity.
• Knowledge of basic financial analysis and the valuation of private companies.
• Comfortable representing the firm to outside constituencies in a professional way.
• Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future.